Simon men to make bid for US operations?

Even though Cobelfret is about to take over Simon’s UK port interests (see this issue, p9), Timothy Chadwick, Simon’s executive chairman, has reportedly recruited several unnamed former US government officials and claims to have the finance from US sources to bid for P&O Ports’ US operations, which DP World has been forced to put up for sale.

Although no-one from Simon would comment, it seems unlikely that Cobelfret is involved; more likely Chadwick, who was born in the US and was previously a director of Amports when owned by ABP, has formed a separate vehicle for the bid....

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This complete item is approximately 550 words in length, and appeared in the July 2006 issue of WorldCargo News, on page 1.

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